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Miami's Condo Developers Adapt to Oversupply

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Miami's Condo Developers Adapt to Oversupply

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Miami's Condo Developers Adapt to Oversupply

Miami's Condo Developers Adapt to Oversupply

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  • <iframe src="https://www.npr.org/player/embed/7102270/7102271" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Some of the nearly three-dozen construction cranes in downtown Miami. Greg Allen, NPR hide caption

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Greg Allen, NPR

Some of the nearly three-dozen construction cranes in downtown Miami.

Greg Allen, NPR

Miami's market for condominiums has been a frenzy of buying and building. Within the next two years, more than 25,000 condo units will be coming on the market in Miami. Like most of the country, Miami is in a real-estate slump. So far, prices and sales have remained steady. But observers say sale prices may drop by the end of the year, and investors will start losing money.